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Mace Security International Q1 loss widens 23.0% YOY

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Mace Security International Q1 loss widens 23.0% YOY

Mace Security International Inc. said its first-quarter normalized net income amounted to a loss of $103,750, compared with a loss of $84,380 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to negative 5.0% from negative 5.7% in the year-earlier period.

Total revenue increased 39.7% year over year to $2.1 million from $1.5 million, and total operating expenses rose 16.9% on an annual basis to $2.3 million from $1.9 million.

Reported net income came to a loss of $166,000, or a loss of 0 cents per share, compared to a loss of $147,000, or a loss of 0 cents per share, in the year-earlier period.